Professional Adviser asked seven advisers one question: If you had the means to change one thing about how the industry is regulated, what would you do? (part one of two...)
Who said the powers that be don't have a sense of humour? The FCA officially came into existence on 1 April 2013 - April Fools' Day. In one of his first speeches after the FCA launched, chief executive Martin Wheatley said the creation of the FCA was a "direct response to what hasn't worked". After the failure of the previous regulator, the Financial Services Authority (FSA), to identify and manage the worst financial crisis for a generation, the FCA was supposed to be a break from the past. It has been busy in its first year: promising a more intrusive approach to regulation, it has ...
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